40) On March 1, 2017 a company purchased land with a building for a lump-sum cost of $2,570,000. It was estimated that the land and building had market values of $600,000 and $2,400,000, respectively Determine the cost to be apportioned to the land and to the building and prepare the journal entry to record the acquisition. 6 Points Appraiser Percentages% Apportionment $600,000 Apportioned Cost Land Building $2.400.000 Totals $3,000,000 Debit Credit Entry Date